AlphaQuest LLC Sells 166 Shares of Howmet Aerospace Inc. (NYSE:HWM)

AlphaQuest LLC trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 11.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,239 shares of the company’s stock after selling 166 shares during the period. AlphaQuest LLC’s holdings in Howmet Aerospace were worth $136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp increased its position in Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after buying an additional 28,568 shares in the last quarter. Vista Investment Partners LLC bought a new stake in Howmet Aerospace in the 4th quarter valued at about $531,000. Genesis Private Wealth LLC bought a new stake in Howmet Aerospace in the 4th quarter valued at about $249,000. Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace in the 4th quarter valued at about $289,000. Finally, Geneos Wealth Management Inc. increased its position in Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock valued at $1,199,000 after buying an additional 8,241 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $129.28 on Tuesday. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The business’s 50 day simple moving average is $126.72 and its 200 day simple moving average is $113.60. The company has a market cap of $52.36 billion, a price-to-earnings ratio of 45.84, a PEG ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace’s payout ratio is presently 14.18%.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent research reports. Truist Financial reissued a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Morgan Stanley boosted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Company Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.